How to Stake CHEQD Network (CHEQ)

Introduction

Staking CHEQD Network can be an excellent choice for those looking to hold CHEQ while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire CHEQD Network (CHEQ) Tokens

   To stake CHEQD Network, you first need to acquire it. To obtain CHEQD Network, you'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   BingX	CHEQD Network (CHEQ)	0,01
   Bitmart	CHEQD Network (CHEQ)	0,01
   Bitpanda	CHEQD Network (CHEQ)	0,05
   CoinEx	CHEQD Network (CHEQ)	0,01
   Gate.io	CHEQD Network (CHEQ)	0,01
   Kucoin	CHEQD Network (CHEQ)	0,01

   View all 13 prices

2. 2. Select a CHEQD Network Wallet

   Once you have CHEQ, you'll need to choose a CHEQD Network wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   MyCointainer	CHEQD Network (CHEQ)	Up to 10% APY
   Stakewolle	CHEQD Network (CHEQ)	Up to 12,89% APY

3. 3. Delegate Your CHEQ

   We recommend using a staking pool when staking CHEQ. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their CHEQ, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the CHEQD Network network. You'll be rewarded with CHEQ for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.